Li Fuchun was born in Changsha, Hunan Province. After completing middle school in his home province, in 1919 he traveled to France to attend a work-study program and here he started his political activity. Fascinated by Marxism, in 1921 he joined the Socialist Youth of China and, in 1922, the Chinese Communist Party (CCP). The following year he married Cai Chang, Cai Hesen's sister. In 1925 he went to study in the Soviet Union, but he returned in China to take part at the Northern Expedition, serving as head of the political division of the National Revolutionary Army's 2nd Army and acting CCP secretary of Jiangxi Province. It was in this period that he met Mao Zedong, working with him at the Peasant Movement Training Institute.[where?]
During the 1945–1949 Liberation War (the final showdown between Communists and Nationalists), he had an important role in ruling Northern China, serving simultaneously as secretary of the CCP Manchuria Sub-Bureau, standing committee member and deputy secretary of the CCP Northeast Bureau, vice-chairman of the Northeast People's Government and deputy political commissar of the Northeast Military Region.
In 1964, Li and Bo Yibo traveled to southwest China to convey Mao's selection of Panzhihua as the future basis for steel industry development during China's Third Front construction.[1] Li Fuchun became director of the Planning Commission and in this role he set design rules stating that Third Front projects should not attempt to be "big and complete" or incorporate major administrative, social service, or other buildings not involved in production.[2]: 207 Instead, project leaders were directed to make do with what was available, including building rammed earth housing so that more resources could be directed to production.[2]: 207 This policy came to be expressed through the slogan, "First build the factory and afterward housing."[2]: 207
At the start of the Cultural Revolution, during a reshuffle of the Party's central authority at the 11th Plenary Session of the 8th CCP Central Committee in August 1966, Li Fuchun was elected to the top Politburo Standing Committee. However, he started to manifest his intolerance towards the course of the Cultural Revolution. During a "general report conference of the Centre's political work" in October 1966, Mao Zedong said of him: "Li Fuchun has been asked to rest for a year. Even I do not know who is in charge of the Planning Commission. Fuchun respects the Party discipline. He told some things to the Secretariat which were not reported to me." Later, in February 1967 he openly attacked the Cultural Revolution during a meeting along with other top leaders like Chen Yi, Li Xiannian and Nie Rongzhen; as a result, they were labeled as the February Countercurrent and thoroughly criticized as revisionists.
Despite being part of the "February Countercurrent", Li Fuchun was elected to the 9th CCP Central Committee in 1969. After the fall of Lin Biao in 1971, Mao Zedong declared that the "February Countercurrent" was a closed chapter, and so Li Fuchun was completely rehabilitated. He was elected to the 10th CCP Central Committee in 1973 and also to the 4th National People's Congress in 1974, but he could not attend it as he died on January 9, 1975, just 4 days before its first session. He is still regarded as one of the main founders of China's socialist economy.